v3.26.1
FINANCIAL DERIVATIVES AND HEDGING ACTIVITIES (Tables)
 9 Months Ended
Jul. 03, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments As of July 3, 2026, the Company had the following outstanding derivatives designated as net investment hedging instruments:
(In millions, except number of instruments)Number of InstrumentsNotional Value
Cross currency swap contracts2$51.8 
As of July 3, 2026, the Company had the following outstanding derivatives designated as cash flow hedging instruments:
(In millions, except number of instruments)
Number of Instruments
Notional Value
Interest Rate Swap Contracts
1$341.3 
The following table shows the notional amounts of outstanding foreign currency contracts as of July 3, 2026:
Notional Value of Derivatives not Designated as Hedging Instruments:
(In millions of equivalent USD)Buy ContractsSell Contracts
Australian Dollar$— $1.1 
Chinese Renminbi— 6.0 
Euro— 20.1 
Indian Rupee— 3.8 
Japanese Yen1.7 — 
Korean Won1.0 — 
Mexican Peso— 1.3 
Philippine Peso5.8 — 
Total notional value$8.5 $32.3 
Schedule of Net Investment Hedges The following table summarizes the amount of pre-tax income recognized from derivative instruments for the periods indicated and the line items in the accompanying Condensed Consolidated Statements of Operations where the results are recorded for net investment hedges:
Amount of Loss Recognized in OCI on Derivative
Three Months Ended		Location of Gain Recognized in Income on Derivative (Amount Excluded from Effectiveness Testing)Amount of Gain Recognized in Income on Derivative (Amount Excluded from Effectiveness Testing)
Three Months Ended
(In millions)July 3, 2026July 4, 2025July 3, 2026July 4, 2025
Cross currency swap contracts$— $(4.0)Interest expense$0.2 $0.2 
Amount of Gain (Loss) Recognized in OCI on Derivative
Nine Months Ended		Location of Gain Recognized in Income on Derivative (Amount Excluded from Effectiveness Testing)Amount of Gain Recognized in Income on Derivative (Amount Excluded from Effectiveness Testing)
Nine Months Ended
(In millions)July 3, 2026July 4, 2025July 3, 2026July 4, 2025
Cross currency swap contracts$0.9 $(2.9)Interest expense$0.3 $0.6 
The following table summarizes the gross fair values of derivative instruments as of the periods indicated and the line items in the accompanying Condensed Consolidated Balance Sheets where the instruments are recorded:
(In millions)Derivative Assets and Liabilities
Derivatives Designated as Net Investment HedgesBalance Sheet LocationJuly 3, 2026October 3, 2025
Cross currency swap contractsPrepaid expenses and other current assets$0.1 $— 
Cross currency swap contractsAccrued liabilities and other current liabilities— 10.4 
Cross currency swap contractsOther long-term liabilities$9.3 $— 
The following table summarizes the amount of pre-tax income recognized from derivative instruments for the periods indicated and the line items in the accompanying Condensed Consolidated Statements of Operations where the results are recorded for cash flow hedges:
Amount of Gain Recognized in OCI on Derivative
Three Months Ended		Location of Gain Reclassified from Accumulated OCI into IncomeAmount of Gain Reclassified from Accumulated OCI into Income
Three Months Ended
(In millions)
July 3, 2026July 4, 2025July 3, 2026July 4, 2025
Interest Rate Swap Contracts
$3.0 $— Interest expense$— $— 
Amount of Gain Recognized in OCI on Derivative
Nine Months Ended		Location of Gain Reclassified from Accumulated OCI into IncomeAmount of Gain Reclassified from Accumulated OCI into Income
Nine Months Ended
(In millions)July 3, 2026July 4, 2025July 3, 2026July 4, 2025
Interest Rate Swap Contracts
$2.4 $— Interest expense$— $— 
The following table summarizes the gross fair values of derivative instruments as of the periods indicated and the line items in the accompanying Condensed Consolidated Balance Sheets where the instruments are recorded:
(In millions)Derivative Assets and Liabilities
Derivatives Designated as Net Investment HedgesBalance Sheet LocationJuly 3, 2026October 3, 2025
Interest Rate Swap Contracts
Prepaid expenses and other current assets$0.9 $— 
Interest Rate Swap Contracts
Other assets$1.6 $—